ONEOK Retained Earnings vs Total Current Assets Analysis

OKE Stock

USD 79.44 0.62 0.77%

ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Retained Earnings and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between ONEOK's Retained Earnings and Total Current Assets is 0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Retained Earnings and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of ONEOK Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., ONEOK's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

The current year's Enterprise Value is expected to grow to about 5.6 B, whereas Selling General Administrative is forecasted to decline to about 15.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	3.9B	3.6B	3.7B
Total Revenue	16.5B	22.4B	17.5B	18.3B

Gross Profit Total Revenue

ONEOK fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity	Property Plant And Equipment Gross	Other Liab
Common Stock Shares Outstanding		0.81	0.88	-0.27	0.34	0.84	0.88	0.88	-0.31	0.44	0.24	0.81	-0.01	0.22	0.44	0.82	0.68	0.39	0.81	0.49	-0.19	-0.43	0.96	0.87	0.87	0.55
Total Assets	0.81		0.97	-0.07	0.47	0.94	0.98	0.97	0.0	0.47	0.42	1.0	0.11	0.41	0.53	0.99	0.63	0.62	0.99	0.6	-0.02	-0.43	0.81	0.91	0.98	0.71
Short Long Term Debt Total	0.88	0.97		-0.13	0.43	0.9	1.0	1.0	-0.16	0.44	0.43	0.98	-0.03	0.41	0.5	0.99	0.6	0.51	0.98	0.56	-0.05	-0.49	0.89	0.89	0.98	0.73
Other Current Liab	-0.27	-0.07	-0.13		-0.21	-0.06	-0.13	-0.13	0.16	-0.2	-0.03	-0.06	0.5	-0.03	-0.29	-0.09	-0.24	-0.08	-0.1	-0.25	-0.14	0.07	-0.21	-0.08	-0.2	-0.31
Total Current Liabilities	0.34	0.47	0.43	-0.21		0.32	0.44	0.43	0.37	0.89	0.2	0.44	-0.11	0.23	0.9	0.42	0.69	0.64	0.49	0.83	0.68	-0.73	0.37	0.23	0.44	0.27
Total Stockholder Equity	0.84	0.94	0.9	-0.06	0.32		0.93	0.9	-0.06	0.39	0.28	0.94	0.31	0.27	0.44	0.91	0.66	0.55	0.91	0.5	-0.19	-0.23	0.82	0.99	0.93	0.6
Property Plant And Equipment Net	0.88	0.98	1.0	-0.13	0.44	0.93		1.0	-0.13	0.45	0.39	0.99	0.02	0.38	0.5	0.99	0.62	0.54	0.99	0.56	-0.05	-0.46	0.88	0.91	0.99	0.73
Net Debt	0.88	0.97	1.0	-0.13	0.43	0.9	1.0		-0.17	0.44	0.4	0.98	-0.03	0.39	0.5	0.99	0.6	0.51	0.98	0.55	-0.05	-0.49	0.89	0.9	0.98	0.73
Retained Earnings	-0.31	0.0	-0.16	0.16	0.37	-0.06	-0.13	-0.17		0.48	0.29	-0.04	0.48	0.34	0.49	-0.06	0.33	0.58	-0.01	0.53	0.13	-0.13	-0.35	-0.22	-0.13	-0.24
Accounts Payable	0.44	0.47	0.44	-0.2	0.89	0.39	0.45	0.44	0.48		0.18	0.44	0.15	0.2	0.94	0.43	0.84	0.63	0.49	0.89	0.33	-0.71	0.46	0.29	0.44	0.1
Cash	0.24	0.42	0.43	-0.03	0.2	0.28	0.39	0.4	0.29	0.18		0.4	-0.06	1.0	0.33	0.46	0.24	0.38	0.46	0.54	-0.03	-0.29	0.29	0.23	0.37	0.34
Non Current Assets Total	0.81	1.0	0.98	-0.06	0.44	0.94	0.99	0.98	-0.04	0.44	0.4		0.1	0.39	0.5	0.99	0.6	0.59	0.99	0.56	-0.03	-0.41	0.81	0.91	0.98	0.72
Non Currrent Assets Other	-0.01	0.11	-0.03	0.5	-0.11	0.31	0.02	-0.03	0.48	0.15	-0.06	0.1		-0.05	0.04	0.03	0.25	0.27	0.03	0.09	-0.4	0.21	-0.03	0.24	-0.02	-0.43
Cash And Short Term Investments	0.22	0.41	0.41	-0.03	0.23	0.27	0.38	0.39	0.34	0.2	1.0	0.39	-0.05		0.35	0.45	0.26	0.43	0.45	0.56	0.0	-0.3	0.25	0.21	0.36	0.33
Net Receivables	0.44	0.53	0.5	-0.29	0.9	0.44	0.5	0.5	0.49	0.94	0.33	0.5	0.04	0.35		0.5	0.84	0.69	0.56	0.96	0.36	-0.63	0.46	0.34	0.52	0.26
Non Current Liabilities Total	0.82	0.99	0.99	-0.09	0.42	0.91	0.99	0.99	-0.06	0.43	0.46	0.99	0.03	0.45	0.5		0.6	0.58	1.0	0.58	-0.06	-0.44	0.83	0.89	0.98	0.74
Inventory	0.68	0.63	0.6	-0.24	0.69	0.66	0.62	0.6	0.33	0.84	0.24	0.6	0.25	0.26	0.84	0.6		0.65	0.63	0.86	0.01	-0.46	0.62	0.59	0.63	0.32
Other Current Assets	0.39	0.62	0.51	-0.08	0.64	0.55	0.54	0.51	0.58	0.63	0.38	0.59	0.27	0.43	0.69	0.58	0.65		0.62	0.76	0.2	-0.39	0.29	0.44	0.56	0.26
Total Liab	0.81	0.99	0.98	-0.1	0.49	0.91	0.99	0.98	-0.01	0.49	0.46	0.99	0.03	0.45	0.56	1.0	0.63	0.62		0.62	0.01	-0.48	0.82	0.88	0.98	0.74
Total Current Assets	0.49	0.6	0.56	-0.25	0.83	0.5	0.56	0.55	0.53	0.89	0.54	0.56	0.09	0.56	0.96	0.58	0.86	0.76	0.62		0.25	-0.61	0.49	0.4	0.57	0.3
Short Term Debt	-0.19	-0.02	-0.05	-0.14	0.68	-0.19	-0.05	-0.05	0.13	0.33	-0.03	-0.03	-0.4	0.0	0.36	-0.06	0.01	0.2	0.01	0.25		-0.45	-0.12	-0.24	-0.04	0.11
Common Stock	-0.43	-0.43	-0.49	0.07	-0.73	-0.23	-0.46	-0.49	-0.13	-0.71	-0.29	-0.41	0.21	-0.3	-0.63	-0.44	-0.46	-0.39	-0.48	-0.61	-0.45		-0.52	-0.17	-0.39	-0.15
Common Stock Total Equity	0.96	0.81	0.89	-0.21	0.37	0.82	0.88	0.89	-0.35	0.46	0.29	0.81	-0.03	0.25	0.46	0.83	0.62	0.29	0.82	0.49	-0.12	-0.52		0.85	0.86	0.51
Other Stockholder Equity	0.87	0.91	0.89	-0.08	0.23	0.99	0.91	0.9	-0.22	0.29	0.23	0.91	0.24	0.21	0.34	0.89	0.59	0.44	0.88	0.4	-0.24	-0.17	0.85		0.92	0.62
Property Plant And Equipment Gross	0.87	0.98	0.98	-0.2	0.44	0.93	0.99	0.98	-0.13	0.44	0.37	0.98	-0.02	0.36	0.52	0.98	0.63	0.56	0.98	0.57	-0.04	-0.39	0.86	0.92		0.77
Other Liab	0.55	0.71	0.73	-0.31	0.27	0.6	0.73	0.73	-0.24	0.1	0.34	0.72	-0.43	0.33	0.26	0.74	0.32	0.26	0.74	0.3	0.11	-0.15	0.51	0.62	0.77

Click cells to compare fundamentals

ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	415.4M	431.8M	447.4M	448.4M	485.4M	509.7M
Total Assets	21.8B	23.1B	23.6B	24.4B	47.4B	49.7B
Short Long Term Debt Total	12.7B	14.3B	13.7B	13.7B	21.8B	22.9B
Other Current Liab	390.0M	269.4M	609.5M	(1.7T)	1.3B	1.3B
Total Current Liabilities	2.0B	1.3B	3.2B	3.1B	3.5B	2.5B
Total Stockholder Equity	6.2B	6.0B	6.0B	6.5B	16.5B	17.3B
Property Plant And Equipment Net	18.3B	19.2B	19.3B	20.0B	32.7B	34.3B
Net Debt	12.7B	13.8B	13.6B	13.5B	21.4B	22.5B
Accounts Payable	1.2B	719.3M	1.3B	1.4B	1.6B	1.0B
Cash	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Non Current Assets Total	20.3B	21.2B	21.2B	21.8B	44.3B	46.5B
Non Currrent Assets Other	(362.7M)	(669.2B)	(1.2T)	(1.7T)	319M	335.0M
Cash And Short Term Investments	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Net Receivables	835.1M	829.8M	1.4B	1.5B	1.7B	1.1B
Liabilities And Stockholders Equity	21.8B	23.1B	23.6B	24.4B	47.4B	49.7B
Non Current Liabilities Total	13.6B	15.7B	14.4B	14.8B	27.4B	28.8B
Inventory	506.7M	371.0M	580.9M	580.7M	787M	462.1M
Other Current Assets	82.3M	132.5M	165.7M	171.5M	278M	264.1M
Total Liab	15.6B	17.0B	17.6B	17.9B	30.9B	32.4B
Total Current Assets	1.5B	1.9B	2.4B	2.5B	3.1B	2.1B
Short Term Debt	229.6M	21.3M	909.6M	937.3M	507M	787.2M
Other Stockholder Equity	6.6B	6.6B	6.5B	6.5B	15.6B	16.4B
Property Plant And Equipment Gross	18.3B	19.2B	23.8B	25.0B	38.5B	40.4B
Accumulated Other Comprehensive Income	(374M)	(551.4M)	(471.4M)	(108.3M)	(33M)	(34.7M)
Other Liab	936.5M	1.2B	1.6B	2.1B	2.4B	2.5B
Other Assets	157.7M	375.1M	366.5M	241.3M	217.2M	417.6M
Long Term Debt	12.5B	14.2B	12.7B	12.7B	21.2B	22.2B
Treasury Stock	(851.8M)	(808.4M)	(764.3M)	(732.1M)	(658.9M)	(691.8M)
Intangible Assets	276.8M	246.1M	235.7M	225.3M	1.3B	1.4B
Property Plant Equipment	18.3B	19.3B	19.3B	82.8M	95.3M	90.5M
Current Deferred Revenue	190.8M	334.6M	333.1M	1.7T	104M	98.8M
Net Tangible Assets	6.2B	5.3B	5.3B	5.7B	6.6B	6.9B
Short Term Investments	1.3M	19.0M	805.0M	11M	12.7M	12.0M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports:

How To Invest In ONEOK

Details

Is ONEOK Stock a good investment?

Details

What is ONEOK's Net Worth?

Details

Largest Oil & Gas Storage & Transportation Companies

View

Largest Oil & Gas Midstream Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for ONEOK Stock analysis

When running ONEOK's price analysis, check to measure ONEOK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ONEOK is operating at the current time. Most of ONEOK's value examination focuses on studying past and present price action to predict the probability of ONEOK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ONEOK's price. Additionally, you may evaluate how the addition of ONEOK to your portfolios can decrease your overall portfolio volatility.

	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Stocks Directory Find actively traded stocks across global markets
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope

Is ONEOK's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.09

Dividend Share

3.855

Earnings Share

5.48

Revenue Per Share

36.5

Quarterly Revenue Growth

0.04

The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

ONEOK Retained Earnings vs Total Current Assets Analysis

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Assets

ONEOK fundamental ratios Correlations

ONEOK Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ONEOK fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for ONEOK Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.73	Total Current Liabilities
Common Stock	- 0.71	Accounts Payable
Common Stock	- 0.63	Net Receivables
Common Stock	- 0.61	Total Current Assets
Common Stock Total Equity	- 0.52	Common Stock
Common Stock	- 0.49	Net Debt